Description

Opening

• The MOUSE!
• College world tour
• Golf Players Championship. TPC Sawgrass.  All tree talk.  Most seem to be using 3 wood.  Morikawa hit Driver. Tree is ~90-100 yds in front and 10 ft clearance? 

Markets

• Hang on tight. Its gonna be a bumpy ride. Big bounce today.  
• We are in “Correction” territory. Down 10%. Every 2 years. 

Finance Education

• Rule of 10 best days. 
  • 2024 up 24%. Excluding 10 best days. Only up 4%
• DOLLAR COST AVERAGE. 

Apple

• Trading around $210. Was $260. Down 20%. 
  • Still has high PE 28-30 (depending on current or forward)
• Apple subtle announcement; made huge waves! 
• Daring Fireball by Jon Gruber.  Something is rotten in the state of cupertino. 

Tesla

• Monday this week.  $260-$220 in 1 day. 15% down!  
• Largest single day drops in history.
  • Largest single-day drops in $TSLA history (adjusted for splits):
  • 9/8/2020 21.1%, to $110.07
  • 1/13/2012 19.1%, to $1.52
  • 3/16/2020 18.6%, to $29.67
  • 2/5/2020 17.2%, to $48.98
  • 7/6/2010 16.4%, $1.07
  • 3/18/2020 16.0%, to $24.08
  • 3/10/2025 15.4%, to $222.15
  • 12/27/2010 15.4%, to $1.70 
• Ron Baron: 
  • Ron Baron on Tesla sales down because they’re not building…they’re in “refresh” mode for Model Y. 
  • Ron on Robotaxi future
• Morgan Stanley says could go to $800 in next 12 months. 
• NEWS: Tesla is reportedly working with Chinese tech giant Baidu to improve FSD performance in China. 

1. Most Dems won’t sell their Tesla’s or Boycott the best car in world. 
2. Now Republicans are Buying! 
3. 1 year from now, this will all be forgotten.  

AI

• Anthropic CEO Dario Amodei on AI executing 90% of coding and 100% in next 12 months. Claude 3.7 Sonnet

DOGE:

• Is this really Obama talking about the Fiddling Farmers. 
• Chuck Schumer 2010: we have to eliminate the waste, fraud and abuse from Medicare.
• https://www.doge.gov/savings
  • $115b in savings. 

Recommendations:

• Rambo Last Blood. 
• BAck in Action: Movie on Netflix with Cameron Diaz and Jaime Fox
• American Primeval. Peter Berg
• Dictators Podcast. Pinochet
• Disney: Tim Dilon on Snow White.